Company Report | New Spirit Coming from the Fiber Optic Segment

Coal Average Selling Price Increase

In the first semester of 2023, TOWR posted an increase in revenue of 8.65% YoY and 1.64% QoQ to IDR 5.776T (1H22: IDR 5.316T & 1Q23: IDR 2.864T). In this period, EBITDA also increased by +7.51% YoY and +1.49% QoQ to IDR 4.914T (1H22: IDR 4.571T & 1Q23: IDR 2.439T). Net profit is still contracting due to interest expenses, which decreased to IDR 1.559T in H1 2023 (1H22: IDR 1.691T, -7.81% YoY and 1Q23: IDR 752.4 B, +7.22% QoQ).

Asset Growth

In the first semester of 2023, TOWR posted an increase in revenue of 8.65% YoY and 1.64% QoQ to IDR 5.776T (1H22: IDR 5.316T & 1Q23: IDR 2.864T). In this period, EBITDA also increased by +7.51% YoY and +1.49% QoQ to IDR 4.914T (1H22: IDR 4.571T & 1Q23: IDR 2.439T).